Young lists his assets at between $500,001 and $1 million, and his debts at anywhere from $1 million to $10 million. His financial problems began with, or were at least exacerbated by, a large lockout loan that he ultimately didn’t need.

The third overall pick in 2006, Young was the AFC offensive rookie of the year. The honor capped a 12-month period that began with Young leading Texas to a thrilling victory over USC for the NCAA championship.

Dumped by the Titans after the 2010 season, he joined the Eagles in 2011 as the backup to Mike Vick. Young’s biggest contribution may have been coining the term “Dream Team” in his introductory press conference.

Other former NFL players who have filed bankruptcy in recent years include Warren Sapp, Jamal Lewis, Charlie Batch, Mark Brunell, and Vick.

Cue the haters (and I’ve been one myself) – but VY has always been a generally good guy.

Sure, he had a lot of money nearly all of us never see – but VY never showed a mean-spirited side or any trace of malice ….. the kind you can see Dick Sherman *repeatedly* inflicting upon the Skip Bayless(es), Michael Crabtrees and even the Tom Brady(s) of the world.

First of all this isn’t surprising. Second any player with an NFL contract who ends up bankrupt is either wreckless stupid or both but with that said instead of pretending to give a damn about concussions and turning the current game into flag football, the league should devote some time and money to providing legitimate financial counseling to players upon entering the league so they don’t end up penniless. I’m not suggesting financial advice to the point of telling players where to invest but to make viable efforts of informing players what NOT to do with their money. Too many players are ending their careers as financially broken as physically beat up.

He bought every ticket on a SWA flight so he could be have some time alone. He didn’t charter a plane, or even find a private jet that would have cost so much less. He’s an idiot. Travis Henry was only worse with his money.

It is amazing that folks are so bad with money. With $500 after taxes I could retire, pay off my house, get a used SUV because I live within my means and I don’t buy useless trinkets like diamonds (is there anything more useless than a diamond?). With the money that he has made in his NFL career I would have been able to start my dream business because I am neither greedy nor materialistic (it still may happen). Hard to have sympathy for someone who blows money throwing a party for themselves.

I would have done things a whole lot differently. I don’t need a mansion and neither does my mother. I don’t need more than 3 cars (I’m not really a car person, anyway). Well, there is always Walmart and McDonalds, because he probably didn’t get the degree that he received the scholarship to Texas to work toward. Such is life for a young man who doesn’t fully understand the value of a dollar.

Only surprising part is I swore there was an article months back saying he’d already filed back then. That must have been around the time it came out that he’d borrowed like $300 grand to throw himself a birthday party. Guessing that poor sucker didn’t see a dime of that back.

it is nobody’s fault but his. it is not the NFL’s job to tell you what to do with your money that is what agents are for but that does no good if you do not listen to them. yes anyone can file for bankruptcy but not everyone had 25 million to start with. my brother had to and felt terrible doing it but it was not his fault the company he worked at for 20 years closed down and moved the jobs to mexico. he lived within his means and paid his bills on time but if you have no job you can’t and have no choice after using your savings and 401k money trying to pay the mortgage and bills that come with having a family. excuse me if I do not feel sorry for Vince especially if he still has a million bucks left.

A lot of these guys try to do too much for thier family and friends. The kid has a good heart and yes he made typical mistakes. ($600 a shot for liquor is truly absurd). Most of these kids want help every friend they have but they only realize these people are not truly his friends until it’s too late. Bad investments that offer to yield high profits are also the reason these guys get into trouble as well. It’s sad.

And to those that keep saying Donald Trump filed for bankruptcy, he has never declared bankruptcy, his companies have. He personally has not. While, I can’t stand him, he is smart enough to insulate his personal money from the businesses he runs.

Maybe the NFL will hire him to make speeches at the rookie symposium and warn them what not to do with their money. The other thing is, I still believe he was better than some of the QBs who are actually starting today. Maybe Canada will call him before his skills disappear.

I really hate hearing about stories like this. It makes me angry that I work fairly hard for a modest salary and pay my bills and yet people who’ve made millions more than I’ll ever make in my lifetime can blow it all and still end up living a pretty upscale life style post bankruptcy.

Here’s a thought Vince, why don’t you take that University of Texas education you received via a full scholarship (I’m sure) and get a job with whatever your major was and work like the rest of us do to pay our bills. Yes I know he has debt beyond his means at this point, but at some point you need to step back and realize the millions aren’t always going to be there for you.

When I worked for the NFLPA, we worked diligently with union approved financial advisors, and offered these services to the players. They almost never utilized it. Hell, about 30% of them had to be hounded to pay their union dues, much less be financially responsible.

So the guy pisses away $50+ million dollars in just a few short years. Dennis Rodman has done the same darn thing. People that are too stupid to be millionaires become millionaires. They buy houses and cars they don’t need they have everything gold plated from teeth to testicles and when it’s all gone they wonder why and probably blame everyone else. Sorry I have no sympathy for any of them.